tag:blogger.com,1999:blog-31427364.post9012340839850364592..comments2024-03-26T03:52:23.395-07:00Comments on Housing Analysis: Royal LePage Numbers for East Vancouvermohicanhttp://www.blogger.com/profile/06094213357140749289noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-31427364.post-8294813785572975872007-07-09T12:33:00.000-07:002007-07-09T12:33:00.000-07:00Great work guys, really nice to see you carrying o...Great work guys, really nice to see you carrying on with the numbers, I look forward to more posts from you Woodenhorse.<BR/><BR/>VHB: how's the new life? You're missed, but you knew that didn't you?the popehttps://www.blogger.com/profile/13212759004148473692noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-81448301135626173652007-07-07T13:50:00.000-07:002007-07-07T13:50:00.000-07:00VHB: Thanks, that means a lot coming from you.Ques...VHB: Thanks, that means a lot coming from you.<BR/><BR/>Question: Since you're quite aware of the limitations of the Royal Lepage Dataset is there any type/location contrast that you think would be helpful? I was surprised by the odd selection of cities when you pick the greater vancouver area.WoodenHorsehttps://www.blogger.com/profile/06906672025305485148noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-82623079440759254082007-07-07T10:54:00.000-07:002007-07-07T10:54:00.000-07:00Thanks for these, woodenhorse. I'm glad you're kee...Thanks for these, woodenhorse. I'm glad you're keeping up with the numbers. The east-west stuff is super interesting.Van Housing Bloggerhttps://www.blogger.com/profile/08547691078400829048noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-32145771793759980312007-07-06T17:59:00.000-07:002007-07-06T17:59:00.000-07:00jesse: keep in mind this is ES bungalow/WS bungalo...jesse: keep in mind this is ES bungalow/WS bungalow and ES condo/WS condo. The dip at the end of the detached line implies that WS bungalow outperformed ES bungalow.<BR/><BR/>I believe that the Royal LePage numbers are not benchmarked, but I'll look into this to confirm the methodology<BR/><BR/>mohican: In both areas there is compression between types. However (and I'll add this to the post) it seems more like a return to historical ratios. Which is surprising. Notice how close they are back in the early 80s.WoodenHorsehttps://www.blogger.com/profile/06906672025305485148noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-14556062335348666182007-07-06T17:05:00.000-07:002007-07-06T17:05:00.000-07:00Good work woodenhorse. Thanks.And thanks to mohica...Good work woodenhorse. Thanks.<BR/><BR/>And thanks to mohican for opening it up to woodenhorse.solipsisthttps://www.blogger.com/profile/11585532276216559502noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-75096570618214079482007-07-06T17:03:00.000-07:002007-07-06T17:03:00.000-07:00I think this price compression phenomena is limite...I think this price compression phenomena is limited to housing types (how many condos does it take to buy a single family home) rather than geographic areas for some reason. Possibly, we are looking at the wrong geographic areas too?<BR/><BR/>I see price compresssion in your graph (condos versus detached) and in a similar graph for the Fraser Valley that I have. Condos have clearly outperformed SFH or Attached over the past 5 years by quite a large margin.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-18651525306349683122007-07-06T15:21:00.000-07:002007-07-06T15:21:00.000-07:00I live in East Van. I have to say the poor reputa...I live in East Van. I have to say the poor reputation it gets is largely due to a few bad areas. It is of course over-valued, but when I travel through kits and see far more bums and street people than my own 'hood, I smile.Warrenhttps://www.blogger.com/profile/00586650821846362670noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-18678437687199278012007-07-06T14:30:00.000-07:002007-07-06T14:30:00.000-07:00On the East/West ratio: you may find a higher rate...On the East/West ratio: you may find a higher rate of building on the East side recently, which would partially explain the "compression": new houses on the East narrow the gap compared to 3 bedroom bungalows on the West. Unless Royal LePage charts benchmark prices.jessehttps://www.blogger.com/profile/02155122147972263497noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-16247735441768237712007-07-06T13:14:00.000-07:002007-07-06T13:14:00.000-07:00Thanks for the charts, woodenhorse.Thanks for the charts, woodenhorse.rentahhttps://www.blogger.com/profile/05360010241996162401noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-5818487362398976772007-07-06T11:39:00.000-07:002007-07-06T11:39:00.000-07:00Maybe there are too many areas in east van that ha...Maybe there are too many areas in east van that have a little too much "character". So if you are looking for a more west sidish neighborhood you might just head to Burnaby or Richmond. I guess we don't have those charts though.<BR/><BR/>One (very slim) anecdotal data point talking to a friend who used to live in East Van. He said he decided to move to Richmond after someone stole his BBQ out of his garage.AndrewJhttps://www.blogger.com/profile/04813082701244060724noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-33108277012217269972007-07-06T11:09:00.000-07:002007-07-06T11:09:00.000-07:00Ah...that fixed 'em.Yes, I was expecting Van West ...Ah...that fixed 'em.<BR/><BR/>Yes, I was expecting Van West money to overflow into East Van and drive the prices closer.<BR/><BR/>I'm considering taking an area that Royal LePage reports on out in the FV to see if those prices are closing in on either East Van or Van West.<BR/><BR/>Or, maybe vancouvers different, but on the West Side it's even more different.WoodenHorsehttps://www.blogger.com/profile/06906672025305485148noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-8208494704049375762007-07-06T11:01:00.000-07:002007-07-06T11:01:00.000-07:00Thanks mohican.And thanks for clearing up how to p...Thanks mohican.<BR/><BR/>And thanks for clearing up how to post pictures. I'm fixing the images now.WoodenHorsehttps://www.blogger.com/profile/06906672025305485148noreply@blogger.comtag:blogger.com,1999:blog-31427364.post-26494010765691441172007-07-06T10:54:00.000-07:002007-07-06T10:54:00.000-07:00Great first post woodenhorse. I'm looking forward...Great first post woodenhorse. I'm looking forward to more contributinos from you and the great chart updates. <BR/><BR/>It seems price compression may not be as viable a theory as perhaps we first thought.<BR/><BR/>Blogger tip - To make images clickable you must select "none" as the justification for the image and choose the largest size.mohicanhttps://www.blogger.com/profile/06094213357140749289noreply@blogger.com